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    1900 Patterson St Nashville, TN 37203

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    1900 Patterson St Nashville, TN 37203

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    • Medical Office Space
    • 25,316 SF
    • 1.72 lot acres
    For Lease
    $4,805,000
    View Listing →
    Midtown Medical Office Space For Lease
    $4,805,000
    25,000 SF

    Midtown Medical Office Space

    Medical office suites for lease in central Nashville location.

    1900 Patterson St, Nashville, TN
    View Listing
    Property ID
    US80-0993909
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Snyder Cheryl M DDS / Dental Office
    • David Harvey Horowitz / Physician / Medical Clinic
    • Music City Pharmacy & Compounding / Pharmacy
    • Wahoo Verde Law Firm / Law Firm
    • E M G Clinics of Tennessee / Medical Clinic

    Property Details for 1900 Patterson St

    Year built
    1978
    Lot size
    1.72 lot acres
    Property size
    25,316 SF
    Zone code
    MUI-A
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    092-12-0-075-00
    APU
    9212007500

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,470,000
      6.5%
      $4,130,000
      7%
      $3,835,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,203,000
      Market price range: $1.46M - $5.58M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.8012
    Latitude
    36.1563
    CBSA code
    34980
    CBSA name
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $125,150
    $3,828,000
    $18,040
    $3,846,040
    -
    $9,570,000
    $45,100
    $9,615,100

    Comparable in this City

    • Value Estimation
      $21,880,000
      201,408 SF

      2400 Patterson St

      MEDICAL BUILDING • 201,408 SF
      2400 Patterson St, Nashville, TN 37203-1562
      View Details
    • Value Estimation
      $12,595,000
      50,952 SF

      2000 Murphy Ave

      MEDICAL BUILDING • 50,952 SF
      2000 Murphy Ave, Nashville, TN 37203-2010
      View Details
    • Value Estimation
      $1,485,000
      6,000 SF

      526 8th S Ave

      MEDICAL BUILDING • 6,000 SF
      526 8th S Ave, Nashville, TN 37203-4139
      View Details
    • Value Estimation
      $4,655,000
      10,860 SF

      331 Arena Ave

      MEDICAL BUILDING • 10,860 SF
      331 Arena Ave, Nashville, TN 37203
      View Details
    • Value Estimation
      $1,350,000
      1,584 SF

      113 23rd N Ave

      MEDICAL BUILDING • 1,584 SF
      113 23rd N Ave, Nashville, TN 37203-1701
      View Details
    • Value Estimation
      $2,440,000
      18,812 SF

      2222 State St

      MEDICAL BUILDING • 18,812 SF
      2222 State St, Nashville, TN 37203-1845
      View Details

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    • $2,000,000

      Mid-Town Office Wired, Plumbed

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      Nashville Medical Office Building For Sale

      Medical office building in Nashville's healthcare corridor, ideal for owner-users.
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      12,400 SF

      Nashville Office Building For Sale

      Office building with 12,400 square feet of space available.
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      10,419 SF

      West End Avenue Office Building

      Three-story office building with basement, renovated, parking, and architectural details.
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      Midtown Corner Lot Opportunity

      Restored historic building in Nashville's Midtown district.
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    Similar Nearby for Lease

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      Midtown Professional Office Space

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      Nashville Medical Space For Rent

      Medical space available for rent in Nashville, Tennessee.
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      25,000 SF

      Midtown Medical Office Space

      Medical office suites for lease in central Nashville location.
      1900 Patterson St, Nashville, TN 37203
      View Details
    • Contact for pricing
      2,105 SF

      Office Space Near Hospital Campus

      Office suites available with parking and improvement allowances.
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    • Contact for pricing
      5,527 SF

      Retail or Medical Office Space

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    • Contact for pricing

      Nashville Office Space For Lease

      Office space available for lease in Nashville, Tennessee.
      2400 Patterson St, Nashville, TN 37203
      View Details
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    Nashville, TN 37203
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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